Acquisitions boost BWAY sales

May 6: Second-quarter sales at general line canmaking company BWAY Corporation were up by 20.3 percent to $248 million, reflecting its acquisition last October of Ball Corporation’s plastics pail business.

But Atlanta-based BWAY, which has been cleared for acquisition by private equity company Madison Dearborn Partners in a deal worth $915 million, reported that net profit was $4.4m, down from $8.7m in the second quarter of 2009.

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